Global Veterinary Electrosurgery
Market Report
2024
The Global Veterinary Electrosurgery market was valued at USD 496.03 million in 2022 and will reach USD 891.27 million by 2030, registering a CAGR of 5.5% for the forecast period 2023-2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The Global Veterinary Electrosurgery market was valued at USD 496.03 million in 2022 and will reach USD 891.27 million by 2030, registering a CAGR of 5.5% for the forecast period 2023-2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Veterinary Electrosurgery Market Sales Revenue 2022 | $ 496.03 Million |
Global Veterinary Electrosurgery Market Sales Revenue 2030 | $ 891.27 Million |
Global Veterinary Electrosurgery Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.5% |
Market Split by Product |
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Market Split by Application |
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Market Split by Animal Type |
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Market Split by End Users |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Veterinary Electrosurgery Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Electrosurgery is a type of treatment that uses an electric current to cut, coagulate tissues, and control bleeding because it makes the procedure simpler, especially in difficult-to-reach areas. It is also used in animal surgery because it improves precision and requires a small incision to complete the procedure. An efficient therapy choice for animals with tumors is a product from the veterinary electrosurgery market.
This market is expected to expand because of factors like rising pet health insurance demand, an increase in veterinary professionals, and an increase in the number of households with pets. The market for veterinary electrosurgery is also anticipated to expand because of growing public knowledge of available animal treatment choices.
Pet adoption has increased significantly over the world, mostly because of rising disposable incomes, rapid urbanization, nuclear family structures, pet humanization, and a growing acceptance of contemporary lifestyles. The availability of state-of-the-art tools for identifying ailments in animals and growing public understanding of the value of veterinary treatment are additional factors that are anticipated to drive the market for animal diagnosis products internationally. In the United States, 86.9 million households or 66% of all households own pets, according to the 2023–2024 APPA National Pet Owners Survey. Whereas there are 65.1 million dogs and 46.5 million cats.
The growing number of pets is anticipated to raise demand for pet care goods and regular clinic visits, which would in turn encourage the expansion of related sectors like veterinary electrosurgery.
The rising number of veterinarians throughout the world is favorably affecting the expansion of the market. In 2022, there will be about 15,322 veterinarians in Canada, with 3,825 of them actively engaged in clinical practice, according to the Canadian Veterinary Medical Association. The American Veterinary Medical Association (AVMA) estimates that there were 126,138 veterinarians in the country overall in 2020, an increase of 4% from the previous year. The Bureau of Labor Statistics (BLS) predicts that between 2016 and 2026, veterinary vocations will generate over 51,700 new employment and grow at a pace of 19%. The anticipated 7% growth rate for other vocations is nearly three times slower than this one. Therefore, it is anticipated that an increase in veterinarians globally would spur the expansion of the veterinary electrosurgery market throughout the projection period.
Over the past 10 years, both pet ownership rates and pet care expenses have climbed. The expense of caring for pets has dramatically risen over the past 10 years. The high costs are mostly attributable to the high cost of modern monitoring, diagnostic, and therapeutic methods used in veterinary clinics, notwithstanding their effectiveness. Advanced goods and procedures are important in treatments, yet the materials and equipment required for these procedures are quite expensive.
More than 75% of pet owners say inflation is driving up the cost of pet ownership, and over 26% are having trouble keeping up with rising prices, according to a 2022 Lending Tree poll on pet spending.
When electrosurgery is used, there are potential risks. At the surgical site, tissue death occurs regularly, but generally in a mild way. Dog burns may be the consequence of defective machinery or faults in operation. It is essential to take the necessary safety measures at all times. The operating area might catch fire if anesthetic gases and electrical currents are combined. Due to this risk, alcohol should not be used to sanitize the surgical area before the procedure. After electrosurgery, delayed bleeding is also a possibility. As a result, some dangers related to veterinary electrosurgery might restrain the market's expansion over the anticipated period.
The Covid-19 epidemic had a short-term detrimental effect on the market. Fewer people visited veterinary hospitals and clinics in the earlier stages of the epidemic. The study "The Initial Months of COVID-19: Dog Owners' Veterinary-Related Concerns" released in February 2021 reported on the fear of COVID-19 infection and spread among dog owners, which prevented additional canines from being diagnosed with the ailment. In addition, the aforementioned study revealed that, like many other professions, the introduction of COVID-19 in the early stages of the pandemic had a major influence on veterinarians.
hence restricting market expansion. However, the emphasis on veterinary services grew as a result of the rise in pet ownership during the epidemic. The greater emphasis on animal welfare brought on by the rising pet adoption rate should help the industry under study thrive. As a result, the market under study has been significantly impacted by the COVID-19 epidemic.
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Olympus Strengthened Surgical Portfolio with the Launch of POWERSEAL Advanced Bipolar Surgical Energy Devices
The first devices in the new POWERSEAL family of cutting-edge bipolar surgical energy tools have been released, according to Olympus Corporation. The POWERSEAL 5mm Curved Jaw Tissue Sealer and Divider, Double-Action devices offer constant sealing dependability in an ergonomic, versatile design that fosters procedural efficiency, meeting the highest requirements of clinical performance for advanced bipolar surgical energy devices.
CVS Group announced the planning of a new state-of-the-art specialist veterinary hospital in Bristol.
CVS Group revealed the planning of a brand-new, cutting-edge, specialized veterinary hospital in Bristol. In addition to orthopedics, general surgery, internal medicine, neurology, and neurosurgery, among other specialties, the hospital will open in 2022 with cutting-edge equipment and treatments in all fields.
Medtronic Acquired Stimgenics, Pioneer of DTM, a Novel Spinal Cord Stimulation Therapy
A privately held Bloomington, Illinois firm called Stimgenics, LLC, which invented a revolutionary spinal cord stimulation (SCS) waveform known as Differential Target Multiplexed (DTM) Spinal Cord Stimulation, has been acquired by Medtronic plc. The Medtronic Intellis platform is used to administer the therapy, a novel, and distinctive programming option for treating patients with chronic pain.
Top Companies Market Share in Veterinary Electrosurgery Industry: (In no particular order of Rank)
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The rising trend in pet adoption and pet insurance is anticipated to fuel market expansion in the region. In North America, 4.41 million pets will have health insurance in 2021, predicts the North American Pet Health Insurance Association (NAPHIA). Additionally, for policies that cover both accidents and diseases, the average monthly cost of pet insurance for cats is USD 28, and for dogs, it is USD 50.
The American Pet Products Association also estimates that USD 123.6 billion, up from around USD 99.0 billion in 2020, was spent on pets in the United States in 2021. The demand for treatments for treating pets is rising because of pet owners' expenditures. Additionally, it is anticipated that this will make veterinary electrosurgery more feasible. The market in North America is expanding at the fastest rate as a result.
The current report Scope analyzes Veterinary Electrosurgery Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global Veterinary Electrosurgery Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Veterinary Electrosurgery Industry growth. Veterinary Electrosurgery market has been segmented with the help of its Product, Application Animal Type, and others. Veterinary Electrosurgery market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
By product, the market is segmented into bipolar electrosurgical instruments, monopolar electrosurgical instruments, and consumables & accessories. In which bipolar electrosurgical instruments held the largest Market share.
Bipolar electrosurgery has the benefit of being able to use isotonic saline during surgery, which also results in reduced blood loss and heat damage to the surrounding tissue. Bipolar electrosurgery targets a more precise region of tissue with focused energy. promises a considerable decrease in the risk of patient burns as a result. Veterinarians thus strongly choose bipolar electrosurgery because of its significant advantages.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Veterinary Electrosurgery Industry. Request a Free Sample PDF!
By application, the market is segmented into general surgery, dental surgery, orthopedic surgery gynecological & urological surgery, and others. In which general surgery held the largest revenue share in the market.
Segment expansion is being driven by an increase in the incidence of chronic illnesses in animals and the volume of treatments being carried out on them. According to Banfield Pet Hospital's 2020 report on Veterinary Emerging Topics, pet obesity has reached epidemic proportions in the United States. The 1.9 million adult canines evaluated at the more than 1,000 Banfield hospitals across the country in 2018 were found to be 51% overweight, according to these reports. In addition, disorders caused by obesity, such as osteoarthritis, usually require surgical intervention. As a result, the rise in surgeries on animals is driving up demand for veterinary electrosurgery in general surgery.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Veterinary Electrosurgery market report 2024 Edition by contacting our team.
Animal type segments the market into small animals and large animals. In which small animals held the largest share of the market. Can be attributed to a growing population of adoptable pets and the increasing ability to spend more on pet health. In the European Union (including Norway and Switzerland), there were around 140 million pets as of January 2022, according to Cooper Pet Care statistics. Among these pets, there were around 76 million cats and 64 million dogs.
Additionally, according to the report, Spain has a far stronger predilection for dogs than cats, with a population that is 3 million people higher than that of cats. Estonia and Lithuania, on the other hand, have balanced populations of both cats and dogs. This proves that cats are popular pets in many nations throughout the world. During the projected period, this is anticipated to support segment growth.
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Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Veterinary Electrosurgery Market is witnessing significant growth in the near future.
In 2023, the Bipolar Electrosurgical Instruments segment accounted for noticeable share of global Veterinary Electrosurgery Market and is projected to experience significant growth in the near future.
The General Surgery segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Symmetry Surgical, Medtronic and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Product | Bipolar Electrosurgical Instruments, Monopolar Electrosurgical Instruments, Consumables & Accessories |
Application | General Surgery, Dental Surgery, Orthopedic Surgery, Gynecological & Urological Surgery, Others |
Animal Type | Small Animals, Large Animals |
End Users | Veterinary hospital, Clinics |
List of Competitors | Symmetry Surgical, Covetrus, Medtronic, Summit Hill Laboratories, LED SpA, Olympus, Macan Manufacturing, Jorgensen Labs, Special Medical Technology, Kentamed, Promise Technology, B. Braun Melsungen, KLS Martin Group, Kwanza Veterinary |
This chapter will help you gain GLOBAL Market Analysis of Veterinary Electrosurgery. Further deep in this chapter, you will be able to review Global Veterinary Electrosurgery Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Veterinary Electrosurgery Market Trends North America Veterinary Electrosurgery Technological Road Map North America Veterinary Electrosurgery Market Drivers North America Veterinary Electrosurgery Market Restraints North America Veterinary Electrosurgery Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
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Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Analysis 2019 -2031, will provide market size split by Product. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Animal Type Analysis 2019 -2031
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Chapter 13 Market Split by End Users Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Veterinary Electrosurgery market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Bipolar Electrosurgical Instruments have a significant impact on Veterinary Electrosurgery market? |
What are the key factors affecting the Bipolar Electrosurgical Instruments and Monopolar Electrosurgical Instruments of Veterinary Electrosurgery Market? |
What is the CAGR/Growth Rate of General Surgery during the forecast period? |
By type, which segment accounted for largest share of the global Veterinary Electrosurgery Market? |
Which region is expected to dominate the global Veterinary Electrosurgery Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Qualitative Data |
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Additional Quantitative Data |
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